With the rising popularity of e-commerce websites across segments, people are spending a lot of money shopping online. While cash on delivery is a small portion of the e-commerce segment, the use of credit cards remains a popular choice for shopping online, points industry experts. With benefits like added reward points, time to pay back money and cashback offers, the popularity of credit cards is growing day-by-day. Check out this list of popular SBI credit cards that reward users on shopping online.
See also: Best IRCTC Credit Cards
Lifestyle Home Centre SBI Card Prime
Source: SBI
This card is co-branded between Lifestyle Home Centre and the State Bank of India (SBI). This card will be very useful if most of your shopping is done in landmark stories, such as Spar, Max, Lifestyle and Home Centre.
Fees and Charge
The joining and annual fees thereafter every year is Rs 2,999 and taxes.
Benefits
- Get 12,000 bonus reward points equivalent to Rs 3,000 on payment of annual fees.
- On every Rs 100 spent at online and retail landmark stores – Lifestyle, Home Centre, Max, and Spar, you get 15 reward points.
- You get 10 reward points on every Rs 100 spent at dining and movies.
- On this card, you get cumulative milestone benefit upto 58,000 reward points worth Rs 14,500.
- You can also earn 20,000 bonus reward points on overall annual retail spending of Rs 500,000.
- Fuel surcharge waiver of 1% across all petrol pumps in India on transactions of Rs 500 – Rs 4,000.
- Reward points can be redeemed at Lifestyle, Home Centre, Spar, and Max stores.
- Eight complimentary visits per year to domestic airport lounges.
- Complimentary priority pass membership worth USD 99 and four complimentary visits per year.
See also: Rent pay by credit card
Cashback SBI Credit Card
Source: SBI
Cashback SBI Credit Card will be useful if most of your online spendings are done through credit cards.
Fees and charges
While both joining and annual renewal fees for Cashback SBI Credit Card is Rs 999, the latter may be reversed if your annual spendings on that credit card for the previous year is more than Rs 2 Lakh.
Features
- 5% cashback on online spending without any merchant restriction.
- 1% cashback on offline spending. Note, cashback is not applicable on merchant EMI and Flexipay EMI transactions and on categories, such as utility, insurance, fuel, rent, wallet, school and educational services, jewellery, railways, etc.
- Fuel surcharge waiver of 1% across all fuel stations in India
Paytm SBI SELECT Credit Card
As the name suggests, this is co-branded credit card between Paytm and SBI. If you shop extensively from the Paytm Mall or use Paytm more than other service vendors, this surely will be beneficial for you.
Source: SBI
Fees and charges
Both joining and annual renewal fees are Rs 1,499.
Features
- Welcome benefits up to Rs 75,000 with a complimentary Paytm First Membership.
- Joining benefit of Rs 750 cashback in your Paytm Wallet.
- 5% cashback on Paytm Mall, movies and travel.
- 2% cashback on all other purchases on Paytm App.
- 1% cashback on any other spending across offline and online stores.
- A voucher of Rs 2,000 on retail spending of Rs 4 Lakh in a year.
- A voucher of Rs 4,000 on retail spending of Rs 6 Lakh in a year.
- Complimentary priority pass worth USD 99 for the first two years of cardholder membership.
- Complimentary four domestic airport lounge visits.
- 1% fuel surcharge waiver for each transaction between Rs 500 and Rs 4,000.
SBI Simply Click Credit Card
Source: SBI
SBI Simply Click Credit Card will be useful to those who spend a lot of money online and look for suitable reward options.
Fees and charges
To apply for the SBI Simply Click Credit Card, you should pay an annual amount of Rs 499 and taxes. The renewal cost is Rs 499 plus taxes per year thereafter.
Benefits
- The annual fee of Rs 400 and taxes paid is returned in the form of Amazon.in gift card worth Rs 500.
- With this SBI Credit Card, you can earn 10X reward points on online spending with exclusive partners like Apollo24X7, BookMyShow, Cleartrip, Eazydiner and Netmeds.
- You can earn 5X reward points on all other transactions.
- Cleartrip e-voucher worth Rs 2,000 on annual online spending of Rs 1 Lakh or Rs 2 Lakh. With this spending, you can get your annual renewal charge reversed for the next year.
- Fuel surcharge waiver of 1% on transactions between Rs 500 and Rs 3,000.
FAQs
Which SBI credit card is best for normal use?
SBI Card PRIME, BPCL SBI Card, SimplyClick SBI Credit Card and SBI SimplySave Credit Card are some of the best SBI credit cards for normal use.
What are the 4 types of credit cards?
The different types of credit cards are the travel credit cards, the business credit cards, the reward credit cards and the shopping credit cards.
What are the eligibility criteria to get any SBI credit card?
To get any SBI credit card, an applicant should be salaried, or self-employed. The applicant should be 18 years of age.
What is the joining fee for the Paytm SBI Credit Card Select?
The joining fee for the Paytm SBI Credit Card Select is Rs 1,499.
How is the credit limit decided by the SBI credit card?
Age, gross income, credit score and employment status are considered to determine the credit limit on a SBI credit card.
Is the credit card limit annual or monthly?
The credit card limit is monthly.
Can reward points earned through the SBI credit card be redeemed online?
Yes, visit sbicard.com and click on rewards. Then click on redeem rewards and choose from a catalogue what you want to redeem according to the points you have. After choosing ‘click’ on redeem now, confirm the transaction.
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